Markets slide despite China says will open markets more

Subscribe to our official channel to get the latest updates from IFC Markets

Uncertainty about the outcome of reopened US-China trade negotiations weighed on global equities last week despite reports China is prepared to allow foreign corporations greater access to the Chinese market. US stock market extended losses: The SP 500 fell 1.2% led by health care shares while the ICE US dollar index gained 0.1%.

London’s FTSE 100 was the only major stock index among the five largest global indexes which managed to end higher. Nikkei recorded the biggest loss: it fell 1.4%. Half of six major currency pairs reversed previous week’s dynamics while the range of fluctuations didn’t change significantly. The British Pound was the leader in terms of percentage change: it turned 1.3% lower against the US dollar as UK prime minister May postponed parliamentary vote on Brexit deal.

This week the monetary policy makers will be in focus again as the Federal Reserve and Bank of Japan hold their last policy meeting of the year. Investors will watch closely the press conference from Chairman Jerome Powell as speculation mounts the central bank will slow its monetary tightening after signs global growth may be slowing.

IFCM CYPRUS LIMITED is a member of Investor Compensation Fund which guarantees the compensation up to 20.000 EUR for each client in case IFCM CYPRUS LIMITED is unable to fulfil its obligationsLearn more

Hi, I am here to assist you. Do you need help?

NoYes

18

LANGUAGESONLINE SUPPORT

IFCM CYPRUS LIMITED is a CIF (Cyprus Investment Firm) registered under the number HE 276909. IFCM CYPRUS LIMITED is licensed by CySEC (Cyprus Securities and Exchange Commission) under the license number 147/11. IFCM CYPRUS LIMITED is also a member of the ICF (Investor Compensation Fund) for Clients of CIFs (Cyprus Investment Firms).

Risk Warning Notice: Your capital is at risk. Leveraged products may not be suitable for everyone.

IFC Markets does not provide services for United States and Japan residents.